DekaBank Deutsche Girozentrale Has $32,000 Stock Holdings in Workiva Inc. (NYSE:WK)

DekaBank Deutsche Girozentrale lowered its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 98.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 314 shares of the software maker's stock after selling 16,155 shares during the period. DekaBank Deutsche Girozentrale's holdings in Workiva were worth $32,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC acquired a new position in shares of Workiva during the 2nd quarter worth approximately $27,000. GHP Investment Advisors Inc. purchased a new stake in Workiva in the fourth quarter valued at approximately $28,000. Belpointe Asset Management LLC raised its position in Workiva by 133.8% in the first quarter. Belpointe Asset Management LLC now owns 346 shares of the software maker's stock valued at $35,000 after purchasing an additional 198 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Workiva during the third quarter worth $54,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Workiva during the first quarter worth $82,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on WK. BMO Capital Markets dropped their target price on Workiva from $123.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, February 21st. Citigroup decreased their target price on shares of Workiva from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their target price on shares of Workiva from $92.00 to $85.00 and set a "hold" rating for the company in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $113.50.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 11,439 shares of Workiva stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $93.62, for a total value of $1,070,919.18. Following the transaction, the executive vice president now owns 62,453 shares in the company, valued at approximately $5,846,849.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.71% of the stock is owned by company insiders.

Workiva Stock Up 1.3 %

NYSE WK traded up $1.00 during trading hours on Thursday, hitting $77.97. 325,725 shares of the stock were exchanged, compared to its average volume of 387,290. The company has a market cap of $4.27 billion, a price-to-earnings ratio of -32.81 and a beta of 1.03. Workiva Inc. has a 12-month low of $76.63 and a 12-month high of $116.00. The stock has a 50-day moving average of $85.08 and a 200 day moving average of $92.23.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.10. The company had revenue of $166.65 million during the quarter, compared to analyst estimates of $164.44 million. On average, equities research analysts expect that Workiva Inc. will post -0.91 earnings per share for the current year.

Workiva Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.